How are your friends who have been in the cryptocurrency circle for 3 years doing?
I have seen too many people making money in the cryptocurrency circle in the past few years. Some have made tens of millions from the bottom, and some have made tens of millions or hundreds of millions to zero.
I have also seen people making money and trying it out and then being harvested.
I found that more people around me have made tens of millions from ordinary grassroots.
Those who lose money are full of speculative psychology. They buy at high prices and buy a lot of copycat coins and air coins.
They don’t understand it at all, so they are inexplicably pulled into the team and then fooled. I hope that I can make hundreds of times or thousands of times like others. In fact, the probability of this is a 99% drop. Don’t sell when you make money, and don’t want to cut your losses when you fall. This is what most people think.
I have a friend who runs a factory at home. Because the epidemic situation is not good, he wants to make money quickly in the cryptocurrency circle, and then play contracts. In the end, his position was blown up and his house was sold. Now he has no money. Every time he asks me to borrow money, he borrows 200,500. I told him to work hard and start over. There are opportunities in the cryptocurrency circle.
But he couldn't listen anymore. Every time he sent me a message, it was about a contract, saying that he made money today, 500U, and then he asked to borrow money again a few days later. I told him directly that if he had no food to eat, he could come to me and I would treat him to a meal at any time.
People who are new to the currency circle and don't know anything must not touch contracts. His case taught me a profound lesson. Contracts are gambling, and there is no long-term stable wealth in gambling. Cherish life and stay away from contracts.
There are also some people who make a lot of money around me. They are lucky. They bought Shib and Dogecoin early and made millions at once. They are mainly not greedy. After making this money, they bought a house immediately. Although the house has no investment value now, the assets are preserved and their lives are quite stable.
Other friends mainly do various arbitrage in the currency circle. They usually study projects in depth. They hold a large number of blue-chip varieties, such as BTC, ETH, and other platform coins. In the currency circle, only arbitrage is played, such as going to uniswap to form LP to make liquidity and earn handling fees, airdrops, and whitelists. The income is really very good.
They are all people who have experienced one cycle, and only knew how to do it this way in the second cycle.Many people buy coins and think about making 100 times the money. When they hear that someone has made money, they rush in. Such people die the fastest and their ending is definitely the worst.
The coin circle is used to expand the money of the OTC market. It cannot be used for speculation. If you don’t have the patience to hold and study the project, and just act recklessly based on your feelings and try to get rich quickly, you are doomed to have a bad end.
In the coin circle, the principal is the first priority. You must have risk awareness, position management, a good mentality, and grasp the cycle.
Even if you only have 50,000 or 100,000 now, it is completely possible to make 10 million in two cycles.
I hope that all coin friends can double their principal and increase their assets continuously. There will definitely be a magnificent bull market in 2025.
By then, BTC will reach 1-2 million RMB. Eth will be above 100,000 RMB. Come on, if you have any questions, please see my homepage introduction!
